Today in Russian Business – Sept 3, 2008

“Moscow’s current economic dilemma is that the old sources of growth will soon be exhausted.” Law enforcement officers have raided the Moscow headquarters of mobile phone retailer Yevroset. Mechel, Russia’s biggest coking coal producer, is seeking approval to acquire indirect control of German metals trader HBL Holding. BP’s Baku-Supsa pipeline, which transports crude from Azerbaijan to Georgia’s Black Sea coast, is “undamaged“, but closed for security reasons.